WATCH: Kalshi Founders Talk Insider Trading, Gambling, Don Jr. On "The Axios Show"
Kalshi, a New York‑based prediction‑market platform, disclosed on the Axios Show that it processed nearly $13 billion in bets last month and is raising new private capital at a $22 billion valuation. The founders argue the service functions like a regulated exchange, with all contracts cleared by the CFTC and the company taking a fee and selling data rather than betting against users. They highlighted that about 70 % of March volume came from sports contracts, which drive liquidity despite limited informational value. Ongoing legal battles—including a recent appeals‑court decision limiting New Jersey’s authority—could bring the issue before the Supreme Court.
Exclusive: JPMorgan Strikes Carbon Removal Deal that Doubles as Wildfire Prevention
JPMorgan Chase has signed a ten‑year agreement with Graphyte to purchase 60,000 metric tons of carbon‑removal credits. The credits will come from an existing Arkansas project and a new facility in Arizona that converts forest‑thinning waste into underground storage. The...
Exclusive: Record Funding for Fusion Power Lands as Trump Eyes Cuts
The Energy Department’s ARPA‑E announced a record $135 million investment over the next 18 months to accelerate fusion technology development. The funding, the largest single fusion allocation in ARPA‑E’s history, aims to overcome technical barriers preventing commercial scale. Simultaneously, President Trump’s...
Oil Prices Plunge Following U.S.-Iran Ceasefire
Crude oil prices plunged on Tuesday after President Trump announced a two‑week U.S.-Iran ceasefire, sending Brent futures down about 13% to roughly $95 a barrel and WTI about 14% to $96. The drop marks the steepest one‑day decline since the...
U.S.-Iran Peace Talks Expected Friday in Pakistan, Sources Say
The United States and Iran are set to hold their first in‑person peace negotiations since the war began, convening in Islamabad on Friday. President Trump announced a two‑week ceasefire to create a window for a comprehensive settlement, which Iran’s foreign...
How Millions in Taxpayer Dollars Are Helping Fund House Members' Reelection Bids
Incumbent House members are leveraging the centuries‑old franking privilege to funnel taxpayer dollars into their own reelection campaigns. In the 2024 cycle they spent $44 million on franked mail and $19 million on other communications, with about $5 million earmarked for TV and...
Hegseth's Wartime Firing of Top Generals Stuns Officials: "It's Insane"
U.S. Defense Secretary Pete Hegseth abruptly removed Army Chief of Staff Gen. Randy George and Gen. David Hodne, who leads the newly formed Transformation and Training Command, while American forces are engaged in the Iran war. The dismissals, described by...
Artemis II Successfully Launches for Historic Moon Mission
NASA launched Artemis II from Florida’s Kennedy Space Center at 6:35 p.m. ET, marking the first crewed flight of the Orion capsule and the second launch of the Space Launch System. The four‑person crew—NASA’s Reid Wiseman, Victor Glover, Christina Koch and Canada’s Jeremy Hansen—will...
Exclusive: Trump's DOJ Says He's Not Required to Turn over Official Records
The Justice Department, under President Trump, has concluded that the Presidential Records Act is unconstitutional, arguing it overreaches congressional power. The administration plans to retain official documents rather than automatically turn them over to the National Archives after the 2029...
"The Axios Show": Jamie Dimon on Trump, Running for Office and Epstein
JPMorgan Chase CEO Jamie Dimon used a new episode of "The Axios Show" to vigorously defend the United States’ war on Iran, arguing the regime funds terrorist groups and poses a real threat. He dismissed speculation about a presidential run,...
Exclusive: Jamie Dimon's Plan to Rescue the American Dream
JPMorgan Chase chief Jamie Dimon announced the American Dream Initiative, a multi‑year effort to boost economic opportunity for lower‑income Americans. The program will channel $80 billion into small‑business lending, mentor 115,000 owners, and add 1,000 bankers across 5,000 branches, targeting 10 million...
Exclusive: Wind Projects Delayed as Trump's Pentagon Reviews Stall
More than 30 onshore wind farms, totaling roughly 7.5 GW, are stalled as the Pentagon’s routine radar‑interference reviews remain unsigned. The delays threaten the power supply needed for data centers that are central to the United States’ AI ambitions. Renewable trade...
Oil Prices Rise as Iran War Escalates with Houthi Attacks
Oil prices jumped above $116 a barrel on Sunday as Iran‑backed Houthi militants fired missiles and drones at Israel, extending the conflict into its fifth week. Brent crude rose 3.3% to $116.25, while U.S. WTI climbed about 3% to nearly...
What the GLP-1 Era Means for Body Positivity
The surge in GLP‑1 weight‑loss drugs, combined with high‑profile celebrity transformations, is reigniting a cultural push toward extreme thinness. Mental‑health professionals and body‑positivity advocates warn that this shift threatens the progress made in celebrating diverse bodies. While GLP‑1s offer genuine...
Scoop: Rubio and EU Official Had Heated Exchange on Russia at G7 Meeting
At a G7 foreign ministers meeting, EU foreign policy chief Kaja Kallas pressed U.S. Secretary of State Marco Rubio on when America would intensify pressure on Russia, prompting a sharp retort. Kallas, a former Estonian prime minister and Russia hawk,...
Scoop: Altman Told Staff He Tried to "Save" Anthropic in Pentagon Clash
OpenAI CEO Sam Altman told staff he was trying to "save" rival Anthropic as Pentagon negotiations faltered, while privately venting that Anthropic’s founder Dario Amodei had long tried to undermine him. Altman engaged Defense Under Secretary Emil Michael, helped draft...
Energy Execs Say They're Trying to Address Anger over Rising Electric Bills
Top utility leaders and a federal regulator announced a coordinated push to curb soaring electricity bills, citing upcoming grid upgrades, state‑federal cooperation, and new data‑center power arrangements. Southern California Edison’s CEO said recent wildfire‑related investments will level rate growth to...
Exclusive: Lockheed Martin's Martell Says Warfare Requires Human-Machine Teamwork
Lockheed Martin CTO Craig Martell told Axios that future warfare will rely on human‑machine teaming, not fully autonomous cognition. He emphasized that operators must train alongside AI systems to understand their limits and assume responsibility for any errors. Martell cited...
Exclusive: Meta President Says AI Is "the Transformation of Humanity"
Meta President Dina Powell McCormick told attendees at Axios’ AI+DC Summit that humanity is undergoing a profound transformation driven by artificial intelligence. She framed AI as an "equalizer"—a mostly affordable tool that could democratize access to high‑tech jobs. Powell highlighted the...
Exclusive: U.S. Needs "Whole New Workforce" For AI, Meta President Says
Meta President Dina Powell McCormick warned that the United States must build a "whole new workforce" within the next two years to stay competitive in the AI race. She highlighted the need for roughly half a million electricians to construct the...
House Democrats Clamp Down on Defections Ahead of New Iran War Powers Vote
House Democrats are tightening party discipline ahead of a looming vote on a war‑powers resolution that would curb President Trump’s ability to continue military operations in Iran. With Speaker Mike Johnson’s razor‑thin 217‑214 Republican majority, even a single GOP defection...
Republican Sen. Rick Scott Sues Booz Allen Hamilton over Leaked Tax Returns
Republican Senator Rick Scott has filed a federal lawsuit against consulting firm Booz Allen Hamilton, alleging the company failed to protect his confidential tax return, which was leaked alongside those of President Trump and Elon Musk. The suit stems from...
Scoop: Bob Woodward's Memoir, "Secrets," To Reveal Stories About Deceased "Forever Sources"
Bob Woodward’s long‑awaited memoir, "Secrets: A Reporter’s Memoir," hits shelves on September 29, 2024. The 83‑year‑old journalist uses decades‑old notes, transcripts and interviews to recount his most pivotal reporting relationships, many with sources now deceased. The book promises vivid detail...
Washington Ignores America's Fiscal Cliff
The article warns that Washington is ignoring a looming fiscal cliff as deficits and debt surge. Recent policy moves—including a $200 billion request to fund the Iran war, the Supreme Court’s tariff ruling, and tax cuts that add $3.4 trillion to ten‑year...
The Mojtaba Mystery: CIA Searches for Signs of Iran's New Leader
Iran’s newly appointed supreme leader, Mojtaba Khamenei, has remained invisible after a suspected Israeli strike that killed his father. The CIA, Mossad and U.S. officials are scrambling to verify his health, relying only on a written Telegram statement released for...
U.S. Seeks Billions From Harvard in Alleged Antisemitism Suit
The U.S. Justice Department filed a 44‑page lawsuit against Harvard University, alleging the school deliberately ignored harassment of Jewish and Israeli students following the Oct. 7 Hamas attacks. The complaint invokes Title VI of the Civil Rights Act and seeks to recover...
Scoop: Anthropic Meets with House Homeland Security Behind Closed Doors
Anthropic co‑founder Jack Clark met privately with the bipartisan House Homeland Security Committee, discussing AI model distillation and export‑control challenges. The Pentagon dispute over Anthropic’s supply‑chain risk designation was only briefly mentioned. The session was described as friendly, reflecting Anthropic’s...
White House Eyes Friday Rollout for AI Framework
The White House is set to deliver a legislative AI framework to Congress on Friday, outlining federal standards that would preempt conflicting state laws and address child safety, creators, and censorship – the so‑called “four C’s.” Republicans are looking to...
FBI Investigates ex-U.S. Counterterrorism Center Head Joe Kent for Alleged Leaks
Joe Kent, former head of the National Counterterrorism Center, resigned after accusing Israel of pressuring President Trump into an Iran war. Administration officials immediately labeled him a "known leaker" and cut him off from presidential briefings. FBI sources confirm an...
Higher Energy Prices Might Eat Your Tax Refund, Economists Say
Stanford economists estimate that rising gasoline prices could cost the average U.S. household about $740 this year, roughly matching the projected $750 boost from the 2023 tax refund legislation. Their model assumes a brief Strait of Hormuz closure, with gasoline...